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Tutorial How to transfer Bitcoin easy using BlockChain

Discussion in 'Video Tutorials' started by WebmastersMind, Jul 14, 2017.

  1. WebmastersMind

    WebmastersMind Administrative Staff Member Official Support SEO Expert Freelancer

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    Last time we showed you as a new user, how can you start using Bitcoin without understanding the technical details. Once a Bitcoin wallet is installed on your computer or mobile phone, it will generate your first Bitcoin address and you can create one every time you need it. This address can be shown to friends to pay you or vice versa. In fact, it's quite similar to how email works, except that Bitcoin addresses should only be used once.

    A transaction represents a value transfer between the Bitcoin wallets that is included in the block chain. Bitcoin wallets retain a secret part of data called private key or seed, which is used to sign transactions, providing mathematical proof that it comes from the wallet holder. The signature also prevents someone else from altering the transaction once it has been issued. All transactions are issued between users and usually begin to be confirmed by the network within the next 10 minutes...

    In the last tutorial, I showed you how to make a Bitcoin wallet using Blockchain. Today, you will learn how to transfer money from one account to another very easily.

     
    Wolf Soul and Ovi like this.

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